Marie Mendoza Sells 1,500 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00. Following the transaction, the senior vice president now owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Marie Mendoza also recently made the following trade(s):

• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.53, for a total value of $22,568.52.
• On Tuesday, October 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $24.96, for a total value of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.00, for a total transaction of $60,575.00.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $25.60 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.71. The company has a market cap of $3.87 billion, a P/E ratio of 256.03 and a beta of 1.07. The business has a fifty day moving average of $25.65 and a two-hundred day moving average of $23.04.

Wall Street Analyst Weigh In

KTOS has been the subject of several research reports. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group lifted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Finally, Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.40.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after acquiring an additional 136,696 shares during the period. FMR LLC lifted its stake in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after buying an additional 233,051 shares in the last quarter. Geode Capital Management LLC increased its position in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 5.5% in the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after acquiring an additional 139,853 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.